GQG Partners Emerging Markets Equity Fund
Actively managed emerging-markets stock fund
As of its 2026 Q2 report, GQG Partners Emerging Markets Equity Fund held 76 positions with $20.84B in net assets. Its ten largest holdings made up 37.4% of the fund. The GQGPX share class costs 1.18% a year. Over the 12 months to May 2026, GQGPX returned 1.2%, with dividends reinvested. In 2026 Q2 it added 15 new positions and exited 30.
The GQG Partners Emerging Markets Equity Fund (the Emerging Markets Equity Fund or the Fund) seeks long-term capital appreciation.
The fund invests at least 80% of assets in equity securities of emerging market companies, selected through bottom-up fundamental analysis that seeks quality businesses with sustainable earnings growth, reasonable valuations, and strong returns on capital. The adviser identifies candidates via proprietary screening and rigorous research, then constructs a portfolio unconstrained by benchmark sector weights, relying on individual stock selection rather than macro positioning. As a non-diversified fund, it may concentrate a larger percentage of assets in a smaller number of issuers than a diversified fund. The fund may sell holdings if competitive advantages deteriorate, price targets are met, or more attractive opportunities emerge.
What you own
| Company | Weight | Value | Shares | Reported price |
|---|---|---|---|---|
Taiwan Semiconductor Manufacturing Company Limited | 10.30% | $2.15B | 27.2M | $78.89 |
PBRPetroleo Brasileiro S.A. (Petrobras) | 4.01% | $834.98M | 51.7M | $16.16 |
Petroleo Brasileiro S.A. (Petrobras) | 3.79% | $788.98M | 108.1M | $7.30 |
TOTALENERGIES SE | 3.37% | $701.72M | 9.1M | $77.37 |
3.23% | $673.80M | 3.7M | $180.91 | |
AIA Group Limited | 3.02% | $628.52M | 68.6M | $9.16 |
ADANI POWER LIMITED | 2.83% | $589.90M | 249.3M | $2.37 |
BHARTI AIRTEL LIMITED | 2.43% | $506.53M | 25.9M | $19.59 |
BP P.L.C. | 2.30% | $479.05M | 77.7M | $6.17 |
Tencent Holdings Limited | 2.10% | $437.22M | 7.9M | $55.19 |
Reported price is the fund's own reported value divided by its own reported shares at 2026-06-30 — not a live quote, and not what the fund paid.
All 76 holdings, with the share counts as filed, open with a free account.
What the fund is made of
Percentages are of fund net assets. Rounding, liabilities and short positions can make totals differ from 100%.
| Stocks | 98.91% |
| Cash & short-term | 1.45% |
How it has done
GQGPX share class · total returns with dividends reinvested
Volatility over the last 12 months: 11.07%. Past returns are a record, not a forecast.
Jun 2026 has been filed since the trailing figures were struck, so it is not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
The 3 share classes hold the same portfolio
| Share class | Expense ratio | 1 year | 3 years | 5 years | Worst fall |
|---|---|---|---|---|---|
| 1.18% | +1.24% | +32.14% | +16.02% | -9.42% | |
| 0.98% | +1.52% | +32.97% | +17.28% | -9.22% | |
| 0.98% | +1.46% | +33.00% | +17.21% | -9.43% |
These classes hold the same portfolio, so the 1.25pp spread over 5 years is the cost difference between them — roughly 0.25pp a year — not a difference in what they own.
Fees & fund details
GQG Partners Emerging Markets Equity Fund is an actively managed emerging-markets equity fund.
- Asset class
- Equity
- Region
- Emerging markets
- Management
- Actively managed
- Fund type
- Open-end fund
- Features
- Non-diversified
- Expense ratio, by class
- 0.98% – 1.18%· GQGPX 1.18%
- Portfolio turnover
- 97.00% a year · as of 2025 Q3
Turnover is how much of the portfolio was replaced in a year.
Classified from what the fund holds, not from its name · 2026 Q2. The summary is a paraphrase of the prospectus; the objective is verbatim.
What changed this quarter
Positions that entered or left the fund since its previous filing. Positions that were only resized are not listed.
15 new· the largest 8
30 exited· the largest 8
Understand how this fund fits with the rest.
Explore shared holdings, compare funds and follow their businesses with your connected AI:
- “Where do my funds overlap — GQGPX, QQQ and the fund in my 401(k)?”
- “How do this fund’s ten biggest holdings stack up against each other?”
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